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08 January 2017

Anyone heard of the demonetization thing that happened in India? I wrote about it here.→[More:]

One problem I faced is that it's hard to make a 'tight' argument about subjective stances but I think I managed to get my points across. (Specifically that I hate this policy, I dislike that financial-tech companies find the cash shortage great, and that this combination of government decisions that play directly into tech business models should be questioned rather than blindly embraced as progress, especially when there's so much collateral damage.)

I'm not very comfortable with that concept either but at least it was probably less of a fiasco than what happened here. My view is that the vast majority of tax evasion (by value) isn't based on petty cash transactions... ie. the accounts revealed in the Panama Papers weren't loaded through suitcases of cash.